A doctor shares what she is seeing: Across the nation, hospitals are going out business, and big financial companies are buying many of them up. This is not good. She also covers the worrying trend of hedge fund companies buying up independent doctors' practices and then selling them off to the big company Walgreens. It's a massive form of consolidation. As one piece of evidence, she cites that Walgreens bought Summit Health in a $9 billion deal, which followed a string of medical mergers involving consumer companies. Top doctor says US medical system is becoming 'unrecognizable', by Cindy Adams, New York Post, December 12, 2023
This is one thread in the Economics section that could give a partial explanation of what factors are in place causing this to go on: Lower labor costs will lead to dominance of corporations over small businesses Just like so many other employees, doctors appear to be losing their leverage in the labor marketplace, and it's allowing corporations to be able to buy them up, with doctors losing their independence. I think we could even draw an analogy to Walmart causing many smaller family-owned retail stores across the country to go out of business in the mid to late 1990s.
Universal health care. They work even if it is the government essentially “buying health care”. But government run means YOU get to complain to your congresscritter
Yep which is why it is CHEAPER plus Government suddenly gets REAL interested in keeping you healthy Public health initiatives are funded Care infrastructure is put in place to support people at home rather than take up hospital beds Environmental hazards are identified and cleaned up or dealt with Infrastructure can be better distributed I.e. hospitals in rural areas Massive economic advantage to keeping the population healthy Infrastructure can be shared across areas Medical and nursing staff are quality controlled Central quality control initiatives Medical staff can be held to central standards that are “evidence based” I.e.the NICE guidelines from the UK
